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Chiplun Urban Co-operative Bank

Chiplun Urban Co-operative Bank IMPS BRANCH

+912355261273

IFSC CODE
SVCB0006002
MICR Code 415810201
Branch Code 006002
City / District CHIPLUN
State MAHARASHTRA
Office Address BAZARPETH, MAIN ROAD, CHIPLUN,PIN CODE-415605
Phone +912355261273
📍 View Branch on Google Maps

Understanding IFSC Code: The Digital DNA of Chiplun Urban Co-operative Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the Chiplun Urban Co-operative Bank IMPS branch of Chiplun Urban Co-operative Bank, the code SVCB0006002 ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the SVCB0006002 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"SVCB" represents Chiplun Urban Co-operative Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for Chiplun Urban Co-operative Bank IMPS

Payment Systems Supported by SVCB0006002

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code—415810201—is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Chiplun Urban Co-operative Bank in CHIPLUN typically follows the RBI holiday calendar. Digital transfers via SVCB0006002 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While SVCB0006002 is the valid code for Chiplun Urban Co-operative Bank IMPS at CHIPLUN, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

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Branch Context

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